DO & CO AG — Earnings Release 2005

Feb 17, 2005

News Details

Ad-hoc | 17 February 2005 08:51

DO & CO Restaurants & Catering AG

DO & CO Restaurants & Catering AG Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ Vienna, 17 February 2005: Business results for the first three quarters of 04/05 (April to December 04) SALES +47.8% to EUR 108.71 million; EBITDA +11.7% to EUR 6.48 million; EBIT +15.8% to EUR 2.27 million STRONG GROWTH AGAIN ABROAD FOR DO & CO! Increased sales and profits in all divisions – Lufthansa First Class Lounges off to a good start in Frankfurt – Nineteen Airlines worldwide now enjoy DO & CO gourmet specialities! DO & CO recorded sales of EUR 108.71 million in the first three quarters of 04/05. This represents an increase of 47.8% against last year’s figure (EUR 73.54 million). The individual divisions show a sales increase in the Airline Catering division by 36.4% (EUR 12.82 million) to EUR 48.06 million (previous year: 35.24 million), attributable to the acquisition of new clients and higher sales among long-time clients. International Event Catering recorded sales growth of EUR 19.59 million (+88.2%) to EUR 41.80 million (previous year: EUR 22.21 million) – largely traced to the hospitality management at the EURO 2004 and a rise in attendance at other international events. The Restaurants & Bars achieved sales growth of EUR 2.76 million (+17.2%) to EUR 18.85 million (previous year: EUR 16.09 million) thanks to growth at Demel and the inclusion of the new business locations PLATINUM VIENNA and the Lufthansa First Class Lounges. The consolidated EBIT of the DO & CO Group after goodwill amortization increased by 15.8%, rising from EUR 1.96 million to EUR 2.27 million. EBITDA amounted to EUR 6.48 million (previous year: EUR 5.80 million) and the EBITDA margin to 6.0% (previous year: 7.9%). AIRLINE CATERING – EBITDA rose by EUR 0.29 million or 11.4% to EUR 2.83 million (previous year: EUR 2.54 million), EBIT rose from EUR 0.36 million to EUR 0.48 million. INTERNATIONAL EVENT CATERING – EBITDA increased by EUR 0.31 or 13.1% to EUR 2.68 million (previous year: EUR 2.37 million). EBIT grew by EUR 0.16 million or 11.0% to EUR 1.61 million (previous year: EUR 1.45 million). The EBIT margin declined to 3.9% (previous year: 6.5%). RESTAURANTS & BARS – The EBITDA rose by EUR 0.08 million to EUR 0.97 million (previous year: EUR 0.89 million), EBIT by EUR 0.03 million to EUR 0.18 million (previous year 0.15 million). DO & CO STOCK – The price of DO & CO shares increased by 4.2% from 1 January 04 to 3 February 05. For further information: http://www.doco.com/investor.htm DO & CO Restaurants & Catering AG Stephansplatz 12 1010 Wien Austria ISIN: AT0000818802 WKN: 081880 Listed: Amtlicher Handel in Wien End of ad hoc announcement (c)DGAP 17.02.2005 170851 Feb 05